Appeals of Levy

Board of Tax Appeals

Appeals of Levy

2 B.T.A. 361

United States Board of Tax Appeals·Decided July 14, 1925·No. Docket Nos. 3043, 3045·Published·Cited by 1 cases

Opinion

[362] OPINION.

Ivins:

The taxpayers’ material contentions being directly in point, the appeals are denied upon authority of the decision of the Supreme Court in Duffy v. Central R. R. Co. of New Jersey, 268 U. S. 55, and of this Board’s decisions in the Appeal of the National City Bank of Seattle, 1 B. T. A. 139, and Appeal of Simmons & Ham[363] mond Mfg. Co., 1 B. T. A. 803. The expenditure giving rise to this controversy may be depreciated over the remaining life of the lease, as the Commissioner contends it should be.

Free access — add to your briefcase to read the full text and ask questions with AI

[362] OPINION.

Ivins:

The taxpayers’ material contentions being directly in point, the appeals are denied upon authority of the decision of the Supreme Court in Duffy v. Central R. R. Co. of New Jersey, 268 U. S. 55, and of this Board’s decisions in the Appeal of the National City Bank of Seattle, 1 B. T. A. 139, and Appeal of Simmons & Ham[363] mond Mfg. Co., 1 B. T. A. 803. The expenditure giving rise to this controversy may be depreciated over the remaining life of the lease, as the Commissioner contends it should be.

Appeals of Levy, 2 B.T.A. 361 (bta 1925).

Pincite

2 B.T.A. 361 (Appeals of Levy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

Related